Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Phemex+0.045%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.045% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.36900.0100pay 0.0100% / 8h16m 55s$3.6M$8.2M50x
ShortParadex NEAR-USD-PERP4.37100.0101get 0.0101% / 8h16m 55s$32K$58510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.21
Price spread: +0.045% → 0.000%
$4.54
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.25
Costs to cover
0.160%
Break-even
383.0 days
Slippage unknown: Phemex: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago3.44 bp16.3 bp −$1648.5 bp −$485doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3658−0.073%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3682−0.018%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3663−0.062%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0016%1h4.3683−0.017%$7.2M$38.4M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.219%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3680−0.023%$113K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3696+0.014%$220.6M$428.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.36900.000%$61.3M$295.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601−0.205%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3693+0.007%$35.7M$62.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3710+0.046%$52.9M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3702+0.027%$72.2M$127.8M75xas long as short
Variational Omni NEAR+0.0100%8h4.3517−0.395%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3595−0.218%$253K$901K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3600−0.206%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3590−0.229%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3705+0.034%$277K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3718+0.064%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3750+0.137%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3700+0.023%$5K$50K10xas long as short
Phemex NEARUSDTlong+0.0100%8h4.3690long leg$3.6M$8.2M50x
Paradex NEAR-USD-PERPshort+0.0101%8h4.3710+0.045%$32K$58510x
Extended NEAR-USD+0.0104%1h4.3674−0.037%$3.6M$16.7M25xas long as short
Aevo NEAR-PERP+0.0120%1h4.3719+0.066%$203K$38K3xas long as short
Aster NEARUSDT+0.0147%8h4.3701+0.025%$2.7M$4.9M50xas long as short
HTX NEAR-USDT+0.0151%8h4.3830+0.320%$467K$3.8M75xas long as short
Hyperliquid NEAR+0.0152%1h4.3744+0.124%$352.6M$315.9M10xas long as short
Binance NEARUSDT+0.0169%8h4.3720+0.069%$264.4M$1.09B75xas long as short
MEXC NEAR_USDT+0.0171%8h4.3710+0.046%$89.2M$152.9M200xas long as short
Kalshi KXNEARPERP+0.0178%8h4.3719+0.066%$969K$25.0M2.2xas long as short
BingX NEAR-USDC+0.0184%8h4.3700+0.023%$6.7Mas long as short
01 Exchange NEARUSD+0.0240%1h4.3706+0.037%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0289%8h4.36900.000%$13.3M$32.2M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0236%1h4.3667−0.054%$254K100xas long as short
Nado NEAR-PERP+0.0381%1h4.36900.000%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0462%1h4.3740+0.114%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3742+0.119%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0528%1h4.3759+0.158%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0544%1h4.3755+0.148%$17.2M$25.3M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3700+0.023%$230K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0872%1h4.3735+0.103%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3711+0.048%$412K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3607−0.190%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3706+0.036%$607K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1124%1h4.3519−0.391%$5K$7K10xas long as short